Elevation Point Wealth Partners LLC Makes New $119,000 Investment in Unifirst Corporation $UNF

Elevation Point Wealth Partners LLC bought a new position in Unifirst Corporation (NYSE:UNF) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 631 shares of the textile maker’s stock, valued at approximately $119,000.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Unifirst by 85,558.5% in the first quarter. Jones Financial Companies Lllp now owns 307,514 shares of the textile maker’s stock valued at $53,507,000 after purchasing an additional 307,155 shares during the period. Voss Capital LP purchased a new stake in shares of Unifirst during the 1st quarter valued at approximately $28,529,000. T. Rowe Price Investment Management Inc. lifted its holdings in Unifirst by 353.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 171,346 shares of the textile maker’s stock valued at $29,815,000 after acquiring an additional 133,588 shares during the last quarter. Clearline Capital LP acquired a new position in Unifirst in the first quarter valued at approximately $11,219,000. Finally, Nuveen LLC purchased a new position in Unifirst in the first quarter worth approximately $8,081,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on UNF shares. Zacks Research downgraded Unifirst from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Unifirst in a research note on Wednesday, October 8th. UBS Group set a $182.00 price target on shares of Unifirst in a research note on Thursday, October 23rd. Finally, Barclays decreased their price objective on shares of Unifirst from $152.00 to $145.00 and set an “underweight” rating on the stock in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Unifirst currently has an average rating of “Reduce” and an average target price of $174.75.

Unifirst Stock Performance

Shares of UNF opened at $172.55 on Monday. The company’s 50-day simple moving average is $162.21 and its 200-day simple moving average is $172.96. Unifirst Corporation has a 1 year low of $147.66 and a 1 year high of $243.70. The stock has a market capitalization of $3.20 billion, a PE ratio of 21.62 and a beta of 0.81.

Unifirst (NYSE:UNF) last announced its earnings results on Wednesday, October 22nd. The textile maker reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.13. The firm had revenue of $614.45 million for the quarter, compared to the consensus estimate of $607.02 million. Unifirst had a net margin of 6.10% and a return on equity of 7.11%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.39 EPS. Unifirst has set its FY 2026 guidance at 6.580-6.980 EPS. On average, sell-side analysts predict that Unifirst Corporation will post 7.71 earnings per share for the current year.

Unifirst Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 5th will be paid a $0.365 dividend. The ex-dividend date is Friday, December 5th. This is an increase from Unifirst’s previous quarterly dividend of $0.35. This represents a $1.46 annualized dividend and a dividend yield of 0.8%. Unifirst’s payout ratio is 18.30%.

Unifirst Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.